New market forecasts predict continued strong growth in the European holiday rental market. The data hint at ways global providers can ensure their short-term rental portfolio stays ahead of the competition.
New market forecasts predict continued strong growth in the European holiday rental market. The data hint at ways global providers can ensure their short-term rental portfolio stays ahead of the competition. According to SAC Insight’s research, the European holiday rentals market will worth €32.5bn by 2023 with a compound annual growth (CAGR) forecasted at 5.8%.
For the segment incorporating agencies and other booking platforms, the numbers are equally encouraging. SAC Insight expects European revenue in the agent market to grow from €14.55bn in 2016 to €20.93bn at 2023. Estimated CAGR is 5.1%, a healthy rate for holiday rentals agencies and the blossoming service ecosystem that surrounds them.<...